Reuters Market Eye - Therupeetrading lower at 61.85/86 perdollarafter falling to 61.95 earlier in the session, versus Friday's close of 61.75/76. Dealers watching for the timing of possible dollar outflows related toIranoil payments. Indiais ready to pay $1.5 billion to Iran to clear part of a backlog of payments for shipments of oil following ...

NEW DELHI, Feb 25 (Reuters) -Indiais ready to pay $1.5 billion to Iran to clear part of a backlog of payments for shipments of oil following the partial easing of western sanctions on Tehran, Oil Secretary Vivek Rae said on Tuesday. In a Nov. 24 deal with six major powers, Iran won access to $4.2 billion in oil revenue from a number of countries that ...